Marvell Technology Group Company Profile (NASDAQ:MRVL)

Marvell Technology Group trades on the NASDAQ under the ticker symbol "MRVL."

Marvell Technology Group declared a quarterly dividend on Thursday, June 15th. Shareholders of record on Wednesday, July 5th will be given a dividend of $0.06 per share on Friday, July 21st. This represents a $0.24 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Friday, June 30th. View Marvell Technology Group's Dividend History.

Marvell Technology Group Ltd. (NASDAQ:MRVL) posted its quarterly earnings data on Thursday, May, 25th. The company reported $0.20 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.04. The company had revenue of $579.18 million for the quarter, compared to analyst estimates of $570.72 million. Marvell Technology Group had a return on equity of 7.96% and a net margin of 6.19%. Marvell Technology Group's revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.01 earnings per share. View Marvell Technology Group's Earnings History.

Marvell Technology Group is scheduled to release their next quarterly earnings announcement on Monday, September, 4th 2017. View Earnings Estimates for Marvell Technology Group.

Marvell Technology Group issued an update on its second quarter earnings guidance on Thursday, May, 25th. The company provided earnings per share guidance of $0.26-0.30 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.25. The company issued revenue guidance of $585-615 million, compared to the consensus revenue estimate of $591.97 million.

23 brokers have issued twelve-month price targets for Marvell Technology Group's shares. Their forecasts range from $11.00 to $23.00. On average, they expect Marvell Technology Group's share price to reach $17.85 in the next twelve months. View Analyst Ratings for Marvell Technology Group.

Here are some recent quotes from research analysts about Marvell Technology Group stock:

• 1. According to Zacks Investment Research, "Marvell reported stellar first-quarter fiscal 2018 results and provided an encouraging second-quarter guidance. The stock has outperformed the broader industry over the last one-year. Though the macro headwinds and stringent regulations might put the company's financials under pressure in the near term, we believe that the strong demand for Marvell’s 4G LTE products could be a growth driver. This will be supported by growth from the company’s wide range of newly-launched IoT solutions. Also, the company’s recent restructuring initiative will help Marvell improve cloud infrastructure and applications, which are expected to drive the company’s top line. The latest buyback scheme also reflects the company’s sound financial position. However, competition in the semiconductor market from major players such as Intel and Texas Instruments is a headwind." (5/26/2017)
• 2. Loop Capital analysts commented, "We attended Marvell Technology Group, LTD’s (MRVL) first ever analyst day in NYC on Friday, March 10 and despite the inclement weather it was very well attended. MRVL remains one of our favorite mid-cap ideas for 2017 and we came away from the analyst day with increased confidence in the story. We believe management hit all the right notes outlining the revenue growth drivers across the breadth of its businesses, levers in the model to drive continued improvements to GM and OM, and a solid capital allocation strategy. In addition to MRVL providing a much anticipated long-term model, MRVL guided full year F2018 revenue outlook to be up slightly YoY vs. the Street estimate of down -1% YoY and pulled in and tightened the range for both pro forma gross margin and OpEx in F2018." (3/16/2017)
• 3. Needham & Company LLC analysts commented, "Following Marvell's inaugural analyst day, in which management laid out its strategy to grow revenue, further streamline operations and increase capital returns to shareholders, we are upgrading our rating to Buy from Hold and establishing a $21 PT. We are fans of the new management team, assembled from a variety of industry leaders. We believe MRVL can drive growth in its core storage, networking and connectivity markets through share gains, targeting market transitions and entering new market segments. NG EPS should continue to increase over the next three years as management drives the business toward its new 30% OM and 30% FCF margin targets. Lastly, we believe increasing capital returns to shareholders coupled with the potential for accretive M&A further enhance potential upside in MRVL shares." (3/13/2017)
• 4. Cowen and Company analysts commented, "MRVL's first ever analyst day delivered on LT (C2019) financial model consistent with our $1.40 GAAP, while also highlighting better growth potential in the core biz and potential optionality around M&A (MLNX?). Given this new model (which is still conservative), we see a clear path to at least low $20's and raise our target from $20 to $21. Remains top idea in semis." (3/13/2017)
• 5. Citigroup Inc. analysts commented, "While new management team has done a good job in pruning low margin wireless biz and lowering opex amidst better than expected HDD storage demand, stock looks expensive in our view. We wait for core storage biz to show share stability and company to return to Y/Y revenue growth before turning constructive on the stock. MRVL trades at 14x P/E or above WDC/STX 10x on C18 EPS and in-line with storage + networking peer. On EV/FCF basis, MRVL trades at 17x or above WDC/STX 10x and peer 15x. MRVL will host analyst day on Mar 10th in NY next week. We expect company to discuss its growth and capital return strategy. Buy side expectations appear high with L/T financial model of 65% GM /30% OM vs. recent 60% / 20% performance." (3/6/2017)

Some companies that are related to Marvell Technology Group include Xilinx (XLNX), STMicroelectronics N.V. (STM), Maxim Integrated Products (MXIM), Advanced Micro Devices (AMD), Freescale Semiconductor Ltd (FSL), Advanced Semiconductor Engineering (ASX), Flextronics International (FLEX), Arrow Electronics (ARW), Coherent (COHR), ON Semiconductor Corporation (ON), Microsemi Corporation (MSCC), United Microelectronics Corporation (UMC), Jabil Circuit (JBL), Semiconductor Manufacturing International Corporation (SMI), Siliconware Precision Industries Company (SPIL), Cypress Semiconductor Corporation (CY), Cavium (CAVM) and Monolithic Power Systems (MPWR).

Marvell Technology Group's management team includes the folowing people:

• Richard S. Hill, Independent Chairman of the Board, Interim Principal Executive Officer
• Matthew J. Murphy, President, Chief Executive Officer, Director
• Jean X. Hu, Chief Financial Officer
• Andrew Joseph Micallef, Chief Operating Officer
• Thomas F. Lagatta, Executive Vice President - Worldwide Sales and Marketing
• Dan Christman, Executive Vice President - Storage Business Group
• Christopher Koopmans, Executive Vice President - Networking and Connectivity
• Gary Ignatin, Senior Vice President - Corporate Development
• Neil Y. Kim, Chief Technology Officer
• Mitchell L. Gaynor, Chief Administration and Legal Officer

Marvell Technology Group's stock is owned by many different of institutional and retail investors. Top institutional investors include Bank of Montreal Can (0.10%), US Bancorp DE (0.08%), APG Asset Management N.V. (0.06%), Hoertkorn Richard Charles (0.06%), Cornerstone Financial Partners LLC (0.03%) and James Investment Research Inc. (0.02%). View Institutional Ownership Trends for Marvell Technology Group.

Marvell Technology Group's stock was sold by a variety of institutional investors in the last quarter, including DnB Asset Management AS, APG Asset Management N.V., US Bancorp DE, CenturyLink Investment Management Co, Xact Kapitalforvaltning AB, Cornerstone Financial Partners LLC and Aperio Group LLC. View Insider Buying and Selling for Marvell Technology Group.

Marvell Technology Group's stock was acquired by a variety of institutional investors in the last quarter, including Bank of Montreal Can, James Investment Research Inc., Mn Services Vermogensbeheer B.V., NN Investment Partners Holdings N.V., Creative Planning and Quantitative Systematic Strategies LLC. View Insider Buying and Selling for Marvell Technology Group.

Shares of Marvell Technology Group can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Marvell Technology Group stock can currently be purchased for approximately $16.25.